How To Buy TON in Australia

The Open Network (TON) is a decentralized blockchain platform initially developed by Telegram, a popular messaging app. However, it was later handed over to a community-driven foundation. 

The Open Network is used to create other cryptocurrencies, like Notcoin (NOT) and DOGS token, both of which are readily available on CEX.IO. 

This platform uses a native token called TON. This cryptocurrency enables various functionalities within The Open Network, including powering transactions, incentivizing developers, fueling smart contracts, and providing governance decisions to TON holders. 

In this guide, we explore how to buy TON in Australia instantly through CEX.IO. 

What is Toncoin (TON)?

As mentioned above, TON is a decentralized blockchain platform designed to handle a large number of transactions per second, making it potentially suitable for various applications. Like Ethereum, it supports smart contracts, allowing for the creation of decentralized applications (dApps), such as Dogs Bot and Notcoin's popular peer-to-peer tap-to-earn game. 

Its native cryptocurrency, TON, can be used for payments, dApps, governance, and other purposes within the TON ecosystem, making it a versatile token.  

How to find the best way to buy TON?

Those interested in obtaining TON should conduct thorough research. This includes exploring the project through its official documentation, roadmaps, and dedicated communities. In addition, finding trustful sources and guides, including this one provided by CEX.IO can be a valuable resource in navigating the purchasing process.

Step-by-Step Guide: How to Buy Toncoin (TON) in Australia

Speaking about the best way to buy TON, it's good to know that CEX.IO offers Instant Buy functionality, which allows eligible customers from Australia to seamlessly acquire this cryptocurrency using their favorite payment method. 

Instant Buy is available for anyone who registers and verifies on our platform, alongside a plethora of other features and services, like the CEX.IO Staking and Savings and Spot Trading, which allows eligible participants to trade TON against USD and USDT currencies. 

Below, we outline the procedure for acquiring TON through Instant Buy:

1. Log in using your established credentials. 
2. Navigate to Instant Buy within the dashboard.
3. Choose TON as your preferred cryptocurrency. 
4. Select the fiat currency you want to use for acquiring TON. 
5. Specify the amount you want to spend for the TON purchase. Alternatively, you can choose from the preselected allotments. 
6. Choose your preferred payment method from the list of supported funding gateways. 
7. Follow the instructions to complete the TON purchase. 

Payment methods

Australian enthusiasts can find a number of convenient payment gateways on CEX.IO. Eligible customers can fund their TON purchases through:

• Credit and debit cards
• Bank transfers (SEPA and SWIFT)
• E-wallets (Skrill and Neteller)
• Mobile payment processors (Google Pay, Apple Pay, and MoneyGram)
• Other cryptocurrencies

When it comes to credit and debit cards, it's good to know that, in addition to bank cards issued by all major banks in Australia, curious participants can also use their debit cards issued by Revolut and Wise. For those interested in learning how to buy crypto & Bitcoin with Revolut and Wise, we offer dedicated manuals in the provided links. 

Disclaimer: Payment methods are subject to local/regional regulations. To ensure maximum convenience, we advise all interested parties to verify the availability of specific payment methods prior to their TON purchase on CEX.IO.   

FAQs

Where to buy TON in Australia?

TON is available on all major decentralized and centralized exchanges, including CEX.IO. However, the decision on whether to buy TON on a centralized or decentralized platform should depend on an individual's financial appetites and preferences. We advise curious participants from Australia to carefully weigh the pros and cons of utilizing centralized versus decentralized exchanges before making a purchase decision.

What are the fees for buying TON?

The fees for obtaining TON can differ between exchanges and payment methods. We encourage enthusiasts from Australia to review CEX.IO's fee schedule and payment limits and commissions before purchasing TON on our platform. 

Do I need a TON wallet?

Yes, you need a crypto wallet, whether buying, selling, trading or simply storing TON. Enthusiasts from Australia can choose between several wallet types, each offering distinct advantages. CEX.IO offers a free-of-charge crypto wallet that supports all cryptocurrencies, including TON, for those seeking a convenient storing solution with a beginner-friendly interface.